16 Jun 2025, 20:34

Trump’s Truth Social Continues Crypto Push With Dual Bitcoin And Ethereum ETF Filing

US President Donald Trump’s social media platform, Truth Social, has filed with the US Securities and Exchange Commission to launch a joint Bitcoin and Ethereum exchange-traded fund (ETF), a hybrid investment vehicle offering exposure to the top two cryptocurrencies. The ETF’s Setup In a Form S-1 submitted Monday, the proposed “Truth Social Bitcoin and Ethereum ETF, B.T.” would have a holdings ratio of 75% BTC and 25% ETH, with Singapore-based exchange Crypto.com serving as the custodian, execution agent, and liquidity provider. Trump Media and Technology Group signaled its intent to issue a crypto exchange-traded fund earlier this month as it filed paperwork for a fund focused solely on Bitcoin, called the Truth Social Bitcoin ETF. The new ETF seeks to offer traditional investors exposure to both Bitcoin and Ether by giving them shares backed by the crypto assets, eliminating the intricacies related to buying and storing the tokens themselves. The ETF shares are proposed to be listed on the New York Stock Exchange Arca (NYSE Arca), per the Monday filing. The product fees are yet to be disclosed. The inclusion of Ethereum aligns with the Trump family’s crypto activity; World Liberty Financial holds over 95% of its assets on the Ethereum blockchain, according to data tracked by Arkham Intelligence. If approved, the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF would join a crowded and competitive market already dominated by nearly a dozen established asset managers, including BlackRock, whose iShares Bitcoin Trust holds a whopping $70 billion in assets on behalf of its clients — accounting for roughly 3.37% of Bitcoin’s total supply. Trump Deepens Crypto Fray The latest filing furthers the Trump Media and Technology Group’s deepening involvement with crypto. In late May, it raised $2.32 billion to build its own BTC treasury, though the firm has not yet announced any Bitcoin acquisitions. Moreover, Trump’s family has become linked to a slew of crypto projects as the President’s administration eases restrictions on the hot sector. As you may recall, President Trump debuted an official meme coin on the Solana blockchain back in January, just days before his swearing-in. Before that was the launch of the Ethereum decentralized finance platform World Liberty Financial, which has since unveiled its own governance token and stablecoin .

16 Jun 2025, 20:21

BNB price eyes $700 amid volume surge

Binance Coin (BNB) is trading above $650 as some altcoins gain momentum, with Bitcoin above $108,600 and up nearly 3% in the past 24 hours. As top altcoins mirror the uptick, BNB price is up 1.7% and approaching the critical $700 resistance level. On the catalyst table is robust network activity and heightened decentralized finance (DeFi), which has BNB seeing a notable spike in daily volume. The BNB Chain is also recording significant numbers in decentralized exchange volumes as institutional adoption grows. BNB price: Bulls gain as $700 Over the past 24 hours, BNB’s price has risen by 1.7%, trading at $658 at the time of writing. The token’s price is in the red in a weekly frame, while it has gained 2.8% over the past month. However, BNB is looking to climb to $700, buoyed by increased network activity and positive market sentiment. The BNB Chain has seen a remarkable spike in DEX volume , processing over $4.29 billion in 24 hours and $35 billion this past week. In May, the volume hit over $100 billion. The jump in DEX volume highlights robust DeFi activity, with PancakeSwap leading the charge with $2.19 billion over the past 24 hours and more than $5 billion in the past seven days. Per CoinMarketCap, spot trading volume is up 18% to over $1.58 billion. Bulls may ride this surge in volume and open interest to go higher. In May, buyers managed to test bears above $690. The last time BNB traded above $700 was in January 2025. Meanwhile, its all-time high of $793 in December 2024. BNB price outlook: What next? Gains for BNB in recent weeks have come as the BNB Chain Foundation scooped up 17 BSC ecosystem assets. This follows the platform’s $100 million Incentive Program, which is in its second month. The BNB Chain Foundation’s 17 assets cut across ecosystem sectors such as artificial intelligence, decentralized finance, GameFi, and meme coins. Purchased tokens include PancakeSwap, Lista DAO, Video XBT, and Moolah. From technical indicators, charts suggest BNB is poised for further gains, though caution is warranted. The token is trading above its 50-day moving average, a bullish signal, but faces resistance at $670. BNB price chart by TradingView On the daily chart, the Relative Strength Index (RSI) remains in the neutral area near 51. This indicates buyers may have room for upward movement. However, the moving average convergence divergence suggests weakness remains following a recent bearish crossover. A flip positive will help buyers, but profit taking and overall market turbulence could derail this outlook. If BNB price breaks above $700, it could open up a retest of the ATH and potentially a run to $1,000. The post BNB price eyes $700 amid volume surge appeared first on Invezz

16 Jun 2025, 20:06

Bitcoin price primed for recovery, unless geopolitical tensions get worse: Bitfinex

Bitcoin’s trading after the conflict between Israel and Iran resembles a capitulation, and recovery may be coming soon, says Bitfinex’s report. Bitcoin (BTC) experienced a sharp downturn following the recent conflict between Israel and Iran, triggering a wave of risk-off sentiment among investors. However, according to a Bitfinex Alpha report published on June 16, the market may be positioned for a recovery, provided global tensions do not escalate further. While Bitcoin started the previous week on a strong note, rising 4.7% and testing its all-time high at $109,590, the unexpected Israeli strikes on Iran on June 13 unexpected Israeli strikes on Iran and the subsequent retaliations made traders much more risk-averse. Investors panicked, but Bitcoin remained resilient: Bitfinex Alpha A spike in oil prices, driven by concerns that a broader conflict could disrupt oil production, further added to macroeconomic uncertainty. Following the attacks, Bitcoin fell 7.3%, coinciding with a sharp drop in net taker volume to negative $197 million — a level suggesting widespread panic in the market. Bitcoin net taker volume | Source: Bitfinex According to Bitfinex analysts, such sharp declines in net taker volume often indicate capitulation, a pattern seen in previous market bottoms. The crypto fear and greed index also slid quickly into “fear” territory, reinforcing the narrative of a likely local bottom. You might also like: Bitcoin crashes as Israel launches attack on Iran, but charts saw it coming first “This selling, however, combined with a spike in liquidations, resembles past capitulation—style setups that often mark local bottoms. If Bitcoin can hold the $102,000–$103,000 zone, it may suggest that selling pressure is being absorbed and that the market could be primed for recovery—assuming geopolitical risks don’t intensify further,” Bitfinex Alpha report. Despite the panic, the overall market correction has been relatively mild. Bitcoin saw a 9% peak-to-trough decline — much smaller than previous major drawdowns. Bitfinex notes that this trading range has been observed in nearly half of the sessions during the current cycle, suggesting that recent volatility remains within typical bounds. If the $102,000 support zone holds and macro conditions stabilize, the current setup could pave the way for a renewed bullish trend. Read more: Oil, inflation, and Bitcoin are now locked in the same trade

16 Jun 2025, 20:03

Leading Cryptocurrency Investigator Issues Major Scam Warning About This Altcoin

ZachXBT, one of the leading chain analysts in the cryptocurrency world, made serious warnings about the WhiteRock (WHITE) altcoin. ZachXBT claimed that the project was run by a fake team, exaggerated its user numbers, and may be linked to stolen funds from a scam called Zkasino. According to ZachXBT’s statements, the Zkasino project set out with great promises by raising more than $30 million from the community in 2024, but the roadmap was not adhered to and the funds were embezzled. Following these events, Elham Nourzai was arrested by FIOD in the Netherlands in April 2024 and some of his assets were seized. Nourzai was later released and the stolen funds began to be laundered through “chainhopping” between networks such as ZkSync, Starknet, EVM and Solana. The WhiteRock project first emerged towards the end of 2024. ZachXBT stated that the project had the following worrying elements: Anonymous team with no identity or history False partnership claims Numerous wallets funded by live exchanges Unrealistic exaggeration of the number of users Lack of transparency of USDX collateral structure Related News: BREAKING: Coinbase Lists a Surprise Altcoin for Futures Trading ZachXBT also stated that it had identified an influencer who received payments from WhiteRock’s marketing wallet, and that the chain analysis showed that this wallet and the funds stolen from Zkasino were linked to the same addresses. In particular, it was observed that between the end of February and the beginning of March 2025, Zkasino funds were sent to an instant exchange and similar amounts reached WhiteRock wallets from a different exchange. Moreover, a personal email address belonging to an account that interacts with the project’s distributor address was found. It was claimed that this email address was linked to an account with the username “IldarTheGrandMaster” on the chess platform ChessCom, and that this person could be Ildar Ilham. Ilham is one of the other names mentioned in the Zkasino scandal. ZachXBT has called on cryptocurrency exchanges MEXC and Gate.io, where the WHITE token is listed, to delist the project and conduct a deeper investigation into the team’s background. He also argued that Elham Nourzai, Ildar Ilham, and Lior Ben Zakan, who were involved in the Zkasino project, should be brought to justice as soon as possible. *This is not investment advice. Continue Reading: Leading Cryptocurrency Investigator Issues Major Scam Warning About This Altcoin

16 Jun 2025, 20:01

JPMorgan Files Trademark for Digital Asset Platform as Wall Street's Crypto Embrace Continues

Global banking giant JPMorgan Chase has filed a trademark application for a new crypto-focused platform branded as JPMD, signaling that the bank is pushing deeper into digital assets. According to the application filed on Sunday to the U.S. Trademark and Patent Office, JPMD will offer services such as "providing trading, exchange, transfer, and payment services for digital assets" and "issuance of digital assets." The bank's moves come as traditional financial institutions consider stablecoin issuance and asset managers issue crypto investment products and explore asset tokenization. JPMorgan CEO Jamie Dimon, who has long criticized cryptocurrencies, said last month the bank will allow its clients to buy bitcoin BTC. The bank recently added BTC ETFs for loan collateral for customers, and was also mentioned among the U.S. banks that reportedly held discussions about launching a stablecoin. JPMorgan operates a private blockchain payments network Kynexis that processes more than $2 billion in daily transaction volume.

16 Jun 2025, 19:55

President Trump’s Truth Social Files With SEC for Bitcoin and Ethereum ETF

A company backed by the President of the United States has filed with the U.S. Securities and Exchange Commission (SEC) for a joint Bitcoin ( BTC ) and Ethereum ( ETH ) exchange-traded fund (ETF). According to a new S-1 Filing with the SEC, President Trump’s Truth Social, a social media network, has filed for a new BTC/ETH ETF. States the filing, “The purpose of the Trust is to own bitcoin and ether transferred to the Trust in exchange for Shares issued by the Trust. Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of bitcoin and ether held by the Bitcoin and Ether Custodian on behalf of the Trust.” The fund is sponsored by Yorkville America Digital, and crypto custody will be handled by Foris DAX Trust Company, LLC, which is connected digital asset exchange Crypto.com. Last month, Trump reportedly blackballed a lobbying firm for allegedly manipulating him into posting on social media about XRP. In early March, Trump announced on his Truth Social platform that he directed the Presidential Working Group on Digital Asset Markets “to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.” Politico, citing “two people familiar with the incident,” reported that Trump was goaded into making the post by an employee of the lobbying firm Ballard Partners. The unnamed employee reportedly “buttonholed” Trump at Mar-a-Lago and encouraged him multiple times to publish the post, even providing him with the text of a message she thought the president should write. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post President Trump’s Truth Social Files With SEC for Bitcoin and Ethereum ETF appeared first on The Daily Hodl .